Imgp Dbi Hedge Strategy Etf ETF Forecast
Imgp Dbi Hedge Strategy Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Imgp Dbi Hedge Strategy Etf ETF price gained 0.425% on the last trading day (Friday, 28th Jun 2024), rising from $27.06 to $27.17. During the last trading day the ETF fluctuated 0.404% from a day low at $27.17 to a day high of $27.28. The price has been going up and down for this period, and there has been a -1.09% loss for the last 2 weeks. Volume fell on the last day by -165 thousand shares and in total, 1 thousand shares were bought and sold for approximately $28.20 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.74% during the next 3 months and, with a 90% probability hold a price between $27.60 and $28.44 at the end of this 3-month period.
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DBEH Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Imgp Dbi Hedge Strategy Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $27.41 and $27.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, May 03, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Imgp Dbi Hedge Strategy Etf ETF
Imgp Dbi Hedge Strategy Etf finds support from accumulated volume at $27.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.110 between high and low, or 0.404%. For the last week the ETF has had daily average volatility of 0.324%
Our recommended stop-loss: $26.06 (-4.10%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (DBEH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Imgp Dbi Hedge Strategy Etf to open at $27.21, and during the day (based on 14 day Average True Range), to move between $27.00 and $27.34, which gives a possible trading interval of +/-$0.174 (+/-0.64%) up or down from last closing price. If Imgp Dbi Hedge Strategy Etf takes out the full calculated possible swing range there will be an estimated 1.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.06 (0.42%) than the resistance at $27.34 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Imgp Dbi Hedge Strategy Etf ETF A Buy?
Imgp Dbi Hedge Strategy Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.696 Hold/Accumulate Upgraded
Predicted Opening Price for Imgp Dbi Hedge Strategy Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$27.21 ( 0.135%) | $27.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBEH
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.32 | 0.539% |
R2 | 27.27 | 0.385% |
R1 | 27.25 | 0.289% |
Price | 27.17 | |
S1 | 27.16 | -0.0197% |
S2 | 27.14 | -0.115% |
S3 | 27.10 | -0.270% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.47 | 1.10% |
R2 | 27.44 | 0.99% |
R1 | 27.34 | 0.625% |
Price | 27.17 | |
S1 | 27.06 | -0.424% |
S2 | 26.87 | -1.10% |
S3 | 26.58 | -2.17% |
FAQ
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